CHOICE Hotels is planning to set up five hotels in Punjab, which includes an all-suite hotel in Ludhiana, the only one of its kind in the country. Of the remaining four, two will be in Ludhiana and one each in Amritsar and Bhatinda.
Along with its various promoter companies, the Delhibased group plans to invest over Rs 400 crore to set up budget hotels across the state in the next three years. Nationally, the company and its promoter companies plan to invest Rs 1000 crore in the next three years for 32 such projects.
“We plan to have most of the hotels ready in the next 2-3 years to meet the expected demand during the Commonwealth Games in 2010,” said Choice Hotels India CEO Vilas Pawar.
The 120-room Clarion Suites in Ludhiana will open during the end of 2008. The all-suites hotel will come up at over Rs 130 crore and its facilities include a 5,000-square-foot spa, and 15,000 square feet of banqueting. The hotel has already got mega project categorisation by the Punjab government and is owned by Agaya Paul Singh, a non-resident Indian based in Vancouver. Ludhiana will also have a 50-room Comfort Inn by the group by the middle of this year. This budget hotel will come up at a cost of Rs 20 crore while a 60-room Quality
Inn Hotel will open at GT Road by early next year, at a cost
of Rs 35 crore.
The Choice hotel in Bhatinda will also be a Comfort Inn. This 56-room Comfort Inn will come up at a cost of Rs 30 crore. Amritsar will have another Comfort Inn, with 40 rooms, in 2008. The budget hotel is promoted by Gurcharan Singh Khurana of Khurana Hotels and Apartments.
All the hotels planned by the group in Punjab will be under the franchise and management contract.